Joby Stock Climbs 4% After Q3 Beat and Higher Revenue Outlook

TLDR Joby Aviation (JOBY) stock rose 4.1% on Wednesday to close at $5.05 ahead of its Q3 report. The company posted Q3 revenue of $55 million and gross profit of $16 million, both above estimates. Joby lifted full-year revenue guidance to $135 million to $140 million from $115 million to $125 million. Cash stood at $2.2 billion, with free cash flow positive status not expected until 2031. The stock is down about 60% year to date as investors wait on aircraft certification. Joby Aviation (JOBY) stock got a lift on Wednesday, rising 4.1% to close at $5.05. The move came a few hours before the company reported third-quarter results . Joby Aviation, Inc., JOBY After the bell, the stock added another 5.9% to trade at $5.35.

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